Tag Archives: Carbaugh

Discuss the benefits the United States has, given this unique position in the world economy, that would not apply to the EU, that may allow the United States to safely run persistent external deficits.

US Deficits In Chapter 10 of International economics, Carbaugh asks, “Can the United States Continue to Run Current Account Deficits Indefinitely?” (p.349). Apply the same concepts to the EU’s balance of payments. Evaluate the sustainability of the EU’s current level of balance of payments. Discuss the benefits the United States has, given this unique position […]